Grant Thornton's Melbourne Corporate Tax team has provided an interesting opportunity in servicing the mid to large market players in a variety of industries. In particular, many of the clients include large ASX listed entities, largely managed funds and a variety of companies that are growing at a very fast pace. Corporate Tax broadly focuses on the following areas: - Corporate Tax compliance, which includes the preparation and lodgement of income tax returns and preparation or review of deferred tax calculations; - Corporate Tax advisory, which may include things such as provision of advice that is more legal in nature, writing letters of advice, preparing Private Binding Ruling applications with the Australian Taxation Office or preparing Reasonably Arguable Position Papers; - Tax Due Diligence during a transaction; and - Tax Structuring. The Corporate Tax team works alongside other specialist teams in Melbourne that include Indirect Taxes, Transfer Pricing, Remuneration Taxes and Research and Development Tax Incentive teams.
I work as an audit associate. My main responsibilities are, work on audit engagements, respond to the risks identified during planning.
Busy season, never ending work, rolling from one job to the next, downtime means no work, trying to look busy for 8 hours a day is pretty boring.
Audit - meet the client, obtain PBC, perform work and raise questions or further testing
Everyday is different depending on the team you are working with, what industry the client is part of and the specific requirements of the engagement
I do enjoy my role, every day is different and provides a lot of training either technical or non-technical.
Work is interesting, client mix isn't.
Recent graduate so a lot of idle time and training.
Assist with preparation of tax compliance and advisory work
As a grad in audit, I usually do audit cycles like cash, operating expenses, capital assets and employee compensation. I change clients around every two weeks, and each client is quite different but the general audit procedures are the same. I work within small teams for each engagement. I work 90% of the time on excel, using work papers to test the validity of the figures in the financial statements presented by clients.
Admin work for private wealth clients
Beginner level stuff only. Basic accounting stuff such as BASs and ITRs
Corporate tax compliance and advisory services
Involved in client audit engagements. This involves planning stages and completion of the audit itself. Day-to-day responsibilities involve being responsible for assigned work from your manager and interacting with the client in relation to the job assigned.